Question: Use future value and present value calculations (Use Exhibit 1-A, Exhibit 1-B, Exhibit 1-C) to determine the following: a. The future value of a savings

Use future value and present value calculations (Use Exhibit 1-A, Exhibit

Use future value and present value calculations (Use Exhibit 1-A, Exhibit 1-B, Exhibit 1-C) to determine the following: a. The future value of a savings deposit of $1,375 after seven years at an annual interest rate of 6 percent. (Round FV factor to 3 decimal places and final answer to 2 decimal places.) Future value b. The future value of saving $3,350 a year for six years at an annual interest rate of 5 percent. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future value c. The present value of a savings account that will earn 5 percent annual interest and be worth $3,550 at the end of three years. (Round PV factor to 3 decimal places and final answer to 2 decimal places.) Present value

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